Examples of Aggregate Warrants in a sentence
No consideration shall be offered or paid to any Holder to amend or consent to a waiver, amendment or other modification of any provision of the Agreement unless the same consideration is offered to all of the holders of the outstanding Aggregate Warrants.
Notwithstanding the foregoing, nothing herein shall prevent the Company or the Parent from satisfying its obligations under the Aggregate Notes and the Aggregate Warrants.
EXERCISE PRICE The aggregate exercise price for all 422,601.437 Warrants is $3,450,000 (the "Aggregate Warrants Exercise Price"), and THE EXERCISE PRICE FOR EACH INDIVIDUAL WARRANT, I.E., THE WARRANT EXERCISE PRICE, IS $8.16.
Long-term removal will not ordinarily be considered or implemented except after thorough consideration of alternatives involving teacher(s) and the building principal.
The JPE Companies spent less than $250,000 on such remediation, so the Aggregate Warrants Exercise Price should not be adjusted.
Section 3.1(a)(ii)(A) of the Investment Agreement provides that the Aggregate Warrants Exercise Price should be reduced by $1.00 for each $2.00 increment by which the Final Actual EBITDA for the two year period ending May 27, 2001 was in excess of $34,300,000 (the "Target EBITDA").
Section 3.1(a)(ii)(B) of the Investment Agreement provides that the Aggregate Warrants Exercise Price should be increased by $0.75 for each $1.00 of direct and indirect costs, expenses and fees in excess of $250,000 that the JPE Companies spent on remediation of environmental conditions from May 27, 1999 until the date on which this Notice is delivered.
The Company and the Parent shall have entered into one or more security purchase agreements (the "Other Purchase Agreements") relating to the sale and purchase of securities on substantially identical terms to this Agreement, that provide for the aggregate sale (when combined with this Agreement) of $40,000,000 in aggregate principal amount of Aggregate Notes and Aggregate Warrants.
In the event that the Company does not either (i) achieve Operating Income (as defined below) of at least $1.00 for the nine month period ended December 31, 1998, or (ii) raise equity capital in an amount not less than $2.5 million by December 31, 1998, then the Base Amount shall be increased to 145,000 shares, which the Company represents to equal 2.6% of the shares of capital stock outstanding on the date hereof calculated on a fully diluted basis and assuming exercise of the Aggregate Warrants.
Section 3.1(a)(ii)(C) of the Investment Agreement provides for the adjustment of the Warrant Exercise Price, but not the Aggregate Warrants Exercise Price, based on the number of Warrants that JPE ultimately issued to the Bank Group.